GBP/USD: Holding support in the low 1.2700 area could see the short-term trend stabilize – Scotiabank
|GBP/USD remains pinned back to the low 1.2700s. Economists at Scotiabank analyze the pair’s outlook.
Trend oscillators are mixed
Trend oscillators are mixed and spot is holding a tight trading range above 1.2700. Broader price signals suggest a soft undertone in GBP/USD after a soft close last week but holding support in the low 1.2700 area could see the short-term trend stabilize.
Resistance is 1.2765/1.2770. Support is 1.2700/1.2710.
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